0001493152-16-013894 Sample Contracts

Contract

Pledge and Security Agreement • October 6th, 2016 • Royal Energy Resources, Inc. • Bituminous coal & lignite surface mining • New York

• Contract Type
  Pledge and Security Agreement
• Filed
  October 6th, 2016
• Company
  Royal Energy Resources, Inc.
• Industry
  Bituminous coal & lignite surface mining
• Jurisdiction
  New York

THIS PLEDGE AND SECURITY AGREEMENT, dated as of September 30, 2016 (as the same may be amended, restated or otherwise modified from time to time, this “Agreement”), is made by ROYAL ENERGY RESOURCES, INC., a Delaware corporation (the “Borrower”), having an address at 56 Broad Street, Suite 2, Charleston, SC 29401, in favor of WESTON ENERGY LLC, a Delaware limited liability company (together with it successors and assigns, the “Secured Party”).

EQUITY EXCHANGE AGREEMENT

Equity Exchange Agreement • October 6th, 2016 • Royal Energy Resources, Inc. • Bituminous coal & lignite surface mining • Delaware

• Contract Type
  Equity Exchange Agreement
• Filed
  October 6th, 2016
• Company
  Royal Energy Resources, Inc.
• Industry
  Bituminous coal & lignite surface mining
• Jurisdiction
  Delaware

This Equity Exchange Agreement (this “Agreement”), dated as of September 30, 2016, is made by and among Rhino Resource Partners Holdings LLC, a Delaware limited liability company (“Holdings”), Rhino Resource Partners, LP, a Delaware limited partnership (“Rhino”), Rhino GP LLC, a Delaware limited liability company (“Rhino GP”) and Royal Energy Resources, Inc., a Delaware corporation (“Royal”).

CONVERTIBLE PROMISSORY NOTE

Convertible Promissory Note • October 6th, 2016 • Royal Energy Resources, Inc. • Bituminous coal & lignite surface mining • Delaware

• Contract Type
  Convertible Promissory Note
• Filed
  October 6th, 2016
• Company
  Royal Energy Resources, Inc.
• Industry
  Bituminous coal & lignite surface mining
• Jurisdiction
  Delaware

FOR VALUE RECEIVED, Royal Energy Resources, Inc., a Delaware corporation (the “Maker”) promises to pay to the order of _________________________________________________________________ (together with any subsequent holder hereof, the “Holder”), the principal sum of ________________________________________ Dollars and No Cents ($____________.00), plus simple interest at the rate of ten percent (10%) per annum. Accrual of interest shall commence on the first business day to occur after the date of initial issuance and continue until payment in full of the principal sum has been made or duly provided for. This Note is in registered form and is part of a series of obligations issued in registered form. This Note is subject to the following additional provisions.